Domestic pepper prices: Stable
As of 11:30 am today (April 16), domestic pepper prices remain stable, averaging 140,400 VND/kg. Currently, key areas are trading in the range of 140,000 - 141,000 VND/kg.
Domestic pepper prices remain unchanged after a series of price increases. Currently listed prices in regions are as follows:
Gia Lai province is anchored at the threshold of 140,000 VND/kg.
Ho Chi Minh City put it on the market at a price of 140,000 VND/kg.
Dak Lak and Lam Dong continue to be the 2 provinces offering the highest purchase price in the country with a price of 141,000 VND/kg.
World pepper prices: Slight decrease
In the world market, pepper prices have mostly decreased. The two items of black and white pepper in Indonesia are also no exception, trading in the range of 7,063 - 9,308 USD/ton (equivalent to 186. 167 VND/kg - 245. 262 VND/kg), respectively down 2 USD/ton and 3 USD/ton.
The Brazilian market is listed at the 6,000 USD/ton mark (about 158.148 VND/kg). Notably, black and white peppers maintain an increase of 100 - 200 USD/ton, trading at the 12,200 USD/ton and 9,300 USD/ton marks.
In Vietnam's pepper export market, the price of black pepper of 500 g/l and 550 g/l remains at 6,100 - 6,200 USD/ton. In the same direction, ASTA white pepper is offered for sale at 9,000 USD/ton (equivalent to 237.222 VND/kg).
Assessments and forecasts
Pepper prices in the domestic market maintained their upward momentum from the beginning of the week, although the increase was not large, but this is a noteworthy signal, reflecting the positive changes in the market after a period of sluggish trading before that.
According to many industry experts, in the short term, in the next week, pepper prices are likely to continue to fluctuate in a slight upward or sideways direction. The most positive scenario is that prices may rise to the 141,000 - 143,000 VND/kg range if supply continues to tighten and buying power is maintained.
In the opposite direction, if profit-taking pressure appears from sellers or demand shows signs of weakening, prices may adjust slightly to around 138,000 - 139,000 VND/kg. In addition, competitive factors from international markets may also affect domestic price movements.
